Audit & assurance news and resources -- Journal of Accountancy

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January 1, 2017

Issuance expands application of preparation and compilation standards

SSARSs are extended to certain prospective, pro forma, and historical financial information.

December 7, 2016

7 keys for auditors’ success in a changing environment

Efforts by auditors in three key areas have led to improved quality in audits, PCAOB inspections show.

December 2, 2016

2015 audit fee increases varied based on size, type of auditee

The median audit fee increase paid by Securities and Exchange Commission filers was 3.2% in 2015 compared with the previous year, according to a new survey.

December 1, 2016

CAQ names top considerations for 2016 audit cycle

New alerts cover judgmental and complex topics.

December 1, 2016

ARSC completes clarity project with issuance of new statement on standards

SSARS No. 22 pertains to pro forma compilation reports.

November 29, 2016

AICPA urges changes to employee benefit reporting proposal

The proposed changes would increase compliance costs for employers that they may pass on to plan participants, the AICPA wrote.

November 1, 2016

New database provides free access to audit research

Collection is keyword searchable and aims to foster productive dialogue.

November 1, 2016

Tips for first-year auditors

New auditors must be conscientious and diligent, and get help when they need it.

November 1, 2016

PCAOB to work with German regulator in oversight of audit firms

The agreement allows cooperation to continue.

November 1, 2016

11 tips for success with single audits

As a new regulation takes effect for single audits, practitioners need to plan carefully, and test and document skillfully as they perform this specialized work for clients.

November 1, 2016

Audit committees voluntarily disclosing more about auditor oversight

More audit committees are voluntarily disclosing information in proxy statements about their oversight of external auditors, including auditor appointment and audit partner rotation, according to a new analysis.

October 25, 2016

SSARS 23 expands application of preparation, compilation standards

SSARS No. 23 results in the SSARSs being applicable to engagements performed on certain subject matter other than financial statements.

October 4, 2016

Top considerations for 2016 audit cycle

Areas of high attention for auditors during the 2016 audit cycle will include a new standard on naming the engagement partner as well as internal control over financial reporting.

October 1, 2016

AICPA proposes modifying peer review reports

The board seeks a clear indication of whether a single audit was selected.

October 1, 2016

PCAOB remains concerned about broker-dealer audits

Inspectors find a high level of deficiencies.

September 29, 2016

Millennials are the most confident investors, survey shows

Millennial investors have more faith than members of other generations in US and overseas markets, US public companies, and audited financial information, a new survey shows.

September 23, 2016